Industries undergoing digital transformation

HCM City (VNS/VNA) - Vietnamese logistics firms, especially small and medium-sized ones, need to get up to speed on digital transformation to enhance their competitiveness if they want to enter global markets after the pandemic ends, experts have said. Nguyen Ngoc Dung, Vice Chairman of the Vietnam E-commerce Association, said it is high time that SMEs realised the advantages of and the urgent need for digital transformation, pointing out that most of them have remained slow in embracing it.  “Successful digital transformation will bring many benefits to businesses such as reducing costs and enabling them to access all markets.” A shipper in Vietnam delivers two parcels a day on average since it takes time to locate addresses and wait for recipients to collect the order, whereas a shipper in a developed market could deliver 200 a day with map data to optimise routes, he said. “High logistics costs not only affect the competitiveness of goods, but also … [Read more...] about Logistics SMEs urged to speed up digital transformation

Hanoi (VNA) – Institutional reform, deeper integration and digital transformation are important for Vietnam to recover the economy, which has been battered by the COVID-19 pandemic, President of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said on November 24. In his opening remarks at the Vietnam Business Forum 2021, Loc laid stress on the gloomy outlook for the global economy due to the pandemic. However, the Asian Development Bank forecasts the Vietnamese economy would grow 2.8 percent in 2020, and 6.3 percent in 2021. The bank said in its Asian Development Outlook 2020 that Vietnam is showing its better recovery ability as compared to similar economies, giving positive prospect for the Vietnamese economy in mid- and long-term. However, Loc said Vietnam has not overcome challenges yet, as businesses have not made recovery from the outbreak and millions of workers have been unemployed. He spoke highly of the Party and Government’s first support … [Read more...] about Tripod strategy crucial to economic recovery in 2021: experts

This image shows winners of the Smart City Award 2020. Photo: T.Ha / Tuoi Tre Speaking at the awards ceremony, Truong Gia Binh, VINASA chairman and head of the Smart City Award 2020 organizing board, stressed the significance of smart cities in urban design in Vietnam. … [Read more...] about Da Nang honored for smart city initiatives

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“With the completion of these strategic milestones, we expect to bring breakthrough value to consumers in a much more scalable fashion and develop power brands. Our mission is to supply fresh, safe, affordable, and traceable meat products to each and every Vietnamese consumer,” he said. … [Read more...] about Masan MEATLife opens 77.6m USD meat processing complex